Iraq said most international oil companies working in the country, along with the nation’s semi-autonomous Kurds, have agreed to cut crude output to fulfill an OPEC accord. Iraq is fully committed to delivering on OPEC’s Nov. 30 agreement to reduce supplies, Oil Minister Jabbar al-Luaibi said Thursday in Cairo at a meeting of the Organization of Arab Petroleum Exporting Countries, known as OAPEC. Jabbar al-Luaibi Photographer: Akos Stiller/Bloomberg The Organization of Petroleum Exporting Countries resolved on Nov. 30 to reduce production by 1.2 million barrels a day in an effort to end a three-year supply glut and buoy prices. The plan was widened on Dec. 10 when 11 non-members including Russia and Kazakhstan promised to join in the cuts. Iraq, OPEC’s second-biggest producer after Saudi Arabia, pledged to trim output by 210,000 barrels a day, or 4.5 percent of its total production. The country initially resisted the plan to […]